What Does Off Quotes Mean Mt4
Metatrader 4 also known as mt4 is an electronic trading platform widely used by online retail foreign exchange speculative traders it was developed by metaquotes software and released in 2005.
What does off quotes mean mt4. This can occur during fast moving markets. This is not necessarily an indication that. This usually occurs when there is a lot of volatility and or when spreads have widened out.
At the most basic level off quotes indicates that the best price for the pair you re trading is not within your maximum deviation range you have set. This usually occurs when there is a lot of volatility and or when spreads have widened out. The condition of the re quote varies for each broker.
There are mainly 2 cases when the off quotes message appears on mt4 platform. At the most basic level off quotes indicates that the best price for the pair you re trading is not within your maximum deviation range you have set. Today when i tried to open an order for buying gold i got the message off quotes and order did not execute.
I ve experienced off quotes with fxcm mt4 on live accounts in the past. The software is licensed to foreign exchange brokers who provide the software to their clients. Having off quotes would normally mean the price changed but here s fxcm explanation.
In such cases you ll be offered a different quote. So what does off quotes mean. Sometimes you can t close profitable positions.
Hi insanelalala glad you were able to find the solution. Any order that breaches a limit set by the broker will be rejected by the server which can result in an off quotes message. That off quotes message will appear if the best price currently available is in the market is outside of the maximum deviation range you have set for the order.
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